JSE in for uphill battle despite US rally as Tencent plunges

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Tech stocks dragged the Hang Seng down, including the Chinese stock plunging 8.33% on Monday morning

The JSE is set for a tough start to the week despite a rally on US markets on Friday as Tencent, which influences the JSE via Naspers, sank on Monday morning.

The Nikkei in Japan accelerated 0.62%, the Hang Seng in Hong Kong dropped 4.99% and the Shanghai composite in mainland China retreated 0.89%. Year to date, the Hang Seng is down more than a third , the Shanghai composite 17.09% and the Nikkei 7.66%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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